Murray Cod Australia (MCA) H2 2026 earnings summary

Executive summary

• Principal activities included breeding, growing, and marketing premium Murray cod and selling fingerlings for restocking, with all operations in Australia.

• Net loss after tax was $5.37m for FY2026, compared to a profit of $8.56m in FY2025.

• Revenue was flat for the first nine months but improved notably in Q4.

• Net assets increased by $24.24m to $125.15m, driven by inventory growth and a successful capital raise.

• Significant share issuances occurred in October 2025 and May 2026, supporting future growth.

Financial highlights

• Revenue for FY2026 was $43.03m, down from $54.11m in FY2025.

• Net loss after tax was $5.37m, reversing a prior year profit.

• Biological assets valued at $84.15m at year-end, up from $67.83m.

• Cash and cash equivalents rose to $4.14m from $0.36m, aided by a $17.5m capital raise.

• Share price at year-end was $0.145, down from $1.07 in FY2025 (pre-consolidation figures noted).

Outlook and guidance

• Strategic focus on expanding domestic sales channels and customer reach to drive higher future revenues.

• Investment in capital equipment to support both fresh and frozen fish sales.

• Continued marketing of the Aquna brand as a premium, accessible Australian product.